Yadira This is not my area of expertise, so this is a ballpark.Say you want a property that costs $50k and needs $50k of work - at the end of the day it will be worth $125kSo you need $100k - The HML will lend you $80k. 

The IRS has a lot of leeway and if it looks fishy they can deem it disqualified.We rely on the expertise of our tax attorney who has been working in this very specific area of ERISA law for more than 2 decades and he would advise against such a transaction.  

Congratulations @Kris Haskinsit is a gratifying feeling.

You will expose yourself to a wider pool of expertise which is critical for real estate investors.Many of us service clients all over the US and even world.

I am paying for their advice and expertise more so than just plugging numbers and data entry.

You put up the money, he but up both trade labor and his general contractor expertise, you agreed on a split.  

No idea what your expertise is but it sounds like it's not in lending or finance.

Though we are very experienced and have read many lending documents, it's not our area of expertise, and missing something can mean losing big money.

But I'm determined to make this happen so I'm hoping that, to help remove some of this anxiety, you guys can give me your expertise on a few questions I have.

Labor ("sweat equity") and expertise in a deal is commonly factored into:1.